Vietnam sees $40 million tourism loss due to coronavirus outbreak

Published on : Friday, February 28, 2020

The COVID-19 outbreak has caused HCMC at least VND920.5 billion ($40 million) in tourism revenues with visitors cancelling travel plans. Almost 88,000 Vietnamese and international tourists have scrapped their plans to visit the city since the novel coronavirus outbreak, according a survey of 22 major tourism companies in the city by the HCMC Department of Tourism.



The foreign tourist arrivals in the first two months fell 62 percent year-on-year to almost 335,800, Bui Ta Hoang Vu, director of the department.


The hotels, restaurants and convention centers are all reporting plummeting revenues; some have had to let their staff go.


The staff strength at Novotel Saigon Centre in District 3 has dropped 25 percent, and at the Tan Son Nhat Saigon Hotel, 20 percent. There are 24 three to five star hotels  set to see their revenues drop a whopping 62.5 percent in the next two months over the same period last year, the department said.



Many tour companies have canceled trips to South Korea, Japan and Italy between March and August as the novel coronavirus outbreak spreads.



The epidemic could strip Vietnam of tourism revenues of between $7-15 billion this year, according to the Vietnam Tourism Advisory Board.



The tourism officials have assured the public at large that Vietnam is now safe to travel, with the country not recording any new COVID19 infections in the last two weeks and all 16 patients detected with the virus so far have been discharged.




Related Posts

Tags: , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo


  • 03 ITB Asia 2021
  • 08 iitm 2021
  • 12 ttfotm 2021
  • 18 globalwellnesssummit  21
  • 30 PATA


    1. TTF Mumbai

      September 29 - October 1

      October 1 - October 3

      October 1 - October 3

      October 1 - October 3
    5. HOLIDAY WORLD 2021

      October 1 - October 3